165 Madison Avenue ExtAlbany, NY 12202

For Sale
$600,000

Prime Albany location, turn-key restaurant & apartment.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 0.1-acre commercial land parcel at 165 Madison Avenue in Albany, New York, presents a unique investment opportunity. Located in the heart of downtown, this property boasts a prime location near the Capital building and the MVP Arena (Convention Center). The entire building underwent a complete renovation in 2022, featuring high-end finishes throughout. The property includes a turn-key restaurant with a spacious dining room, a full commercial kitchen equipped with a six-burner stove and commercial exhaust hood, employee and customer restrooms, and even entertainment stages and tables. A second-floor, two-bedroom apartment, estimated to rent for $2,000 per month, adds significant rental income potential. The property also features a full basement and six-car private parking in the rear. The restaurant space itself measures 2022 square feet, with both front and back entrances. The surrounding area is experiencing revitalization, promising continued growth and increased property value. Financial details are available upon request with a non-disclosure agreement. This is an ideal owner-user opportunity with significant potential for both immediate income and future appreciation. The property's recent renovation ensures a move-in ready condition, minimizing upfront investment and maximizing return.

Highlights

  • 0.1-acre commercial land parcel at 165 Madison Avenue, Albany, NY.
  • Prime downtown location near the Capital building and MVP Arena.
  • Completely renovated in 2022 with high-end finishes.
  • Includes a turn-key restaurant (2022 sq ft) with full commercial kitchen, restrooms, and stages.
  • Features a second-floor, two-bedroom apartment with $2,000/month rental potential.
  • Includes a full basement and six-car private parking.

Property Details for 165 Madison Avenue Ext

Property type
Other land, Land
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Albany
County
36001
State
New York
Latitude
42.6467332
Longitude
-73.7572779
165 Madison Avenue Ext, Albany, New York

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165 Madison Avenue Ext
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